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  • The British oil company said its net profit was about a billion dollars lower than a year earlier. BP has been shrinking as assets have been sold off to pay for its liabilities tied to the 2010 Gulf of Mexico oil spill.
  • Federal officials plan to sue the credit ratings agency, Standard & Poor's for fraud. S&P gave top ratings to many mortgage-backed securities in the years leading up to the financial crisis in 2008. The securities turned out to be far riskier than anyone imagined. S&P said the suit is without factual or legal merit.
  • The federal government has proposed an ambitious plan to build public WiFi networks across the country. The idea is to boost innovation, and make the Internet cheaper and more accessible. Renee Montagne talks to Cecilia Kang, a reporter for The Washington Post about who likes the idea and who doesn't.
  • In fiction, a novel from Nobel Prize-winner Nadine Gordimer, a posthumous thriller from Michael Crichton and a sensual werewolf tale from Anne Rice arrive in paperback. In softcover nonfiction, Paul Krugman confronts our economic depression, and Charles Murray looks at the U.S. class divide.
  • Also: Scandal-mongering author Kitty Kelley turns her gaze on women in Congress; Goodreads makes some unexpected new rules; and Mark Athitakis explains why Barnes & Noble brought literary culture to the suburbs.
  • Tuba players at the University of Memphis, dressed in cute red vests and bow ties, are offering serenades. For about $25, they will play two songs while delivering chocolates and a card.
  • Also: Veteran who allegedly killed former sniper is now on a suicide watch in jail; House Majority Leader Eric Cantor will lay out a new vision for the GOP; a Somali woman who reported being raped by security forces is sentenced to prison for lying; and the worst cities for traffic congestion.
  • There are always losers in politics. But even some of the winners wind up so badly outnumbered that accomplishing anything is a rare treat. On the surface, their jobs might seem so hopeless that you wonder why anyone took them on.
  • One of the Islamist leaders is accused of enforcing harsh punishments against Malians under his control, such as stoning, amputations and beatings.
  • Many long-term care policies sold 30 years ago didn't specifically cover assisted living facilities. Policyholders rely on clauses that say new kinds of care will be covered when it becomes available, but the ultimate decision rests with insurers.
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